FridayFeb 07, 2025 10:00 am

MAGA Supporters Grumble Against Trump’s Meme Coin

Just days before he was set to take office as the next U.S. president, Donald Trump made a surprising announcement: he was launching a meme coin named after himself. His wife, Melania Trump, soon followed suit with her version. The move caught many in the cryptocurrency industry off guard, leading to immediate criticism. Ethics specialists also raised concerns about the implications of such a venture. While Trump’s core supporters did not react with the same level of outcry, there was still notable discontent. Some within the MAGA movement, particularly those who are also involved in the crypto space, felt uneasy…

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ThursdayFeb 06, 2025 10:00 am

Kraken Obtains European MiFID License to Deal in Crypto Derivatives

Kraken has expanded its market share in Europe by obtaining a license under the EU’s MiFID. The announcement, made via the company’s blog on February 3, follows Kraken’s recent acquisition of a Cyprus-based investment firm that had secured authorization from the Cyprus SEC. The regulatory approval enables the exchange to offer fully compliant crypto derivatives to experienced investors in select European regions. Kraken’s Pro and Exchange division’s co-general manager, Shannon Kurtas, highlighted the exchange’s commitment to growing its services internationally, with Europe continuing to be a key focus. She underlined Kraken’s dedication to establishing a safe and regulated trading environment…

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TuesdayFeb 04, 2025 10:00 am

French Investigators Start Probing Binance for Alleged Fraud

French officials have started a formal judicial investigation into Binance over tax fraud, money laundering, and other financial offenses allegations. The Paris prosecutor’s office, specifically its financial and economic crimes division (JUNALCO), revealed that the inquiry includes suspected money laundering linked to drug trafficking. The investigators are scrutinizing transactions and operations between 2019 and 2024 not only in France but across the European Union. Responding to the probe, a Binance spokesperson issued a statement via email rejecting all claims and emphasizing that the case dates back several years. This investigation comes in the wake of significant legal troubles for Binance…

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